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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (50451)	3/16/2000 1:16:00 PM
From: Alex	Respond to of 116762

Brazil Cenbank denies December spot gold sale BRASILIA, March 16 (Reuters) - Brazil's Central Bank denied on Thursday it made any spot sales of gold in December, but did not comment on whether possible futures sales expiring in December or market applications accounted for a drop in the months' available gold reserves. Brazil, which does not divulge total gold reserves, acknowledged a 1.16 million troy ounce drop in its available reserves between the months of November and December, as reported to the International Monetary Fund. ``In the month of December, the Central Bank did not make any gold sale,' said Daso Maranhao Coimbra, head of the bank's international reserves department. ``There may have been (future) sales in previous months that could be part of this (drop) here and applications could also be part of this.' However, Coimbra said the Central Bank does not divulge information on futures or applications. He said the bank only divulged that Brazil made no December spot gold sale to clarify confusion after a news report by the Bloomberg agency. Brazil's available gold reserves stood at 3.17 million troy ounces in December, sharply down from 4.33 million troy ounces in November, Coimbra said. --------------------------------------------------------------------------------